On Friday, Bk of NY Mellon got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Bk of NY Mellon broke out earlier, but has fallen back below the prior 90.34 entry from a consolidation. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point.
The stock has a 92 EPS Rating, meaning its recent quarterly and annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 22% earnings gain for Q1. Sales growth fell to 6%, down from 11% in the prior quarter.
Bk of NY Mellon earns the No. 4 rank among its peers in the Banks-Money Centers industry group. NatWest Group ADR is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
